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April 05, 2023Tentatively higher from an earlier low of $0.094, DOGE is up to $0.1 today, adding $0.005, or 3.27%, to today's closing price of $0.095.
Although up today, early price action saw Dogecoin dropping below its 3 day Simple Moving Average at $0.097 — an early indicator that a new downward trend could be emerging. Bollinger Band® analysis indicates that current price action is approaching the upper band at $0.098, thereby suggesting that Dogecoin is becoming overvalued. Dogecoin could be slowing down soon as it approaches resistance at $0.1. Of course, crossing it might suggest further gains are ahead.
Technical analysis suggests there could be an imminent reversal for Dogecoin.
Other markets are also showing gains as FTX Token added 9.54% to its value, now trading at $1.36. Ripple is up 2.56%. Litecoin is up 2.52%.
Dogecoin has gained 38.96% since its lowest print of $0.053 earlier this year. Dogecoin is currently trading with a market cap of 13.62 billion with an average daily volume of 779 million.
